Rewards

in #cruptocurrencies2 years ago

I have the opportunity to claim my first set of rewards in a long time... and I'm noticing that it's STEEM, rather than SD, that's being offered.

A lot has changed on Steemit since I was last here!

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When the price of STEEM is below a certain threshold, something like 24 cents currently, rewards are only in STEEM. It has something to with the amount of SBD in existence. SBD is actually a debt instrument. It allows a holder to turn in that debt and receive a dollar's worth of STEEM. The software running this ship won't allow new debt to be printed when the existing debt reaches a certain level.

That's my remembrance of how it works. One could probably find an exact explanation somewhere! :)

Oh interesting. Thanks for letting me know! Is it the same on Hive, but that Hive is simply worth more at this time?

We should discuss that over there, or on Discord :)